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South African pilots social impact bond for low-interest student loans

South Africa is piloting a social impact in an attempt to make education more affordable after student protests over tuition hikes that most middle-income families can’t afford. The government has raised 200 million rand ($15 million) to begin piloting its Ikusasa Student Financial Aid Programme for 2,000 students in 2018. The program will offer low-interest loans to

Want social mobility? Go to a state university

Cal State Los Angeles and SUNY Stonybrook had the highest “mobility rate” in a new study by the Equality of Opportunity Project. The study of 30 million college students tracked the likelihood that a student from a lower-income family ends up in a higher-income family. Pace University in New York was the rare private school

Hacker bootcamp raises impact funds as job-training initiative

SecureSet Academy, which operates cybersecurity training bootcamps in Denver and Colorado Springs got a $4 million investment from the Colorado Impact Fund, a $63 million private venture fund dedicated to “positive community outcomes.” CIF’s impact angle is to support the national need for cybersecurity expertise while promoting a pathway into high-paying entry-level jobs. SecureSet Academy

Curiositi Learning raises financing for Indian education kits

Curiositi Learning, which has 20,000 users in 100 schools in the states of Karnataka and Maharashtra, raised 3.5 crore rupee ($515,000) to expand its platform of educational kits to help students master math, science and other complext subjects. The Series A round was led by Menterra Social Impact Fund with backing from Unitus Seed Fund,

Future of Education: Give your bot an apple

The future of education may be bots beamed by video that can give you full attention, learn your study habits and teach you at four to 10 times the rate of traditional teachers. “I’ve been predicting that by 2030 the largest company on the internet is going to be an education-based company that we haven’t

ImpactAlpha’s #DealFlow 3.21.2016: Investments in Education and Financial Services for Low-Income Indians

This week in impact investing news: India is again a hotbed of impact investment activity, with new debt and equity capital targeted at education and financial services for low-income populations. Israel appears to be fertile ground for social impact bonds, with the latest effort aimed at diabetes prevention. And the Canadian impact investment hub MaRS

ImpactAlpha’s #DealFlow 2.29.2016: FinTech, EdTech … and Impact in India

Edtech and fintech dominated the dealflow last week, and India continues to be a hotbed of impact investment activity. Boston education software firm Ellevation raised growth capital from some big names in tech; EduBridge got backing for its youth skills training model; and ATMs, perhaps the original fintech innovation, are considered a key to financial